How physical factors are important in real estate valuation?

How physical factors are important in real estate valuation?

Location is the most fascinating factor in all sectors. We may call it in different names like Destination, Goal, etc. but one thing is certain – location is the element that aspire us to go on and on! Whether it is going for a small picnic or settling down in a new place, each process is always influenced by one deciding factor i.e. Location! The word “location” is used over and over again in the discussions over real estate markets. It continues to be relevant because the location is ultimately the factor that brings value to the piece of land. For example, a super lavish 3 BHK in an isolated, underdeveloped area may even cost less than a 1 BHK in an ultra-prime locality! Location contributes significantly to the market demand and makes real estate assets unique. 

Due to current industrial, ITs, MNCs, big brand settlements and real estate developments, Hyderabad tops the list of desirable investment areas. Hyderabad real estate industry is the flag bearer of the southern real estate market which possesses good residential and commercial lands, and promises great returns! Real estate in Hyderabad offers the most lucrative plots for sale and being the gateway of the south, Hyderabad offer opportunities like the availability of clear title plots near the airport, which is a big win for investors. The well-connected lands will always be in demand. 

Read on to know the physical factors that are important to know before investing in the real estate market:

Natural geographic boundaries –

The properties have geographic boundaries such as rivers, lakes, and oceans. While these natural boundaries limit the availability of land for development, sometimes they can also add value to neighboring properties if utilized appropriately. The boundaries define the limits of the land and value of the property if any calamities occurred.

Availability of amenities and infrastructure facilities –

Availability of amenities and infrastructural facilities is the basic necessity of every space, especially when it comes to residential plots, these are the basic requirements that every land for sale should possess. The availability of social infrastructure around the plot is the most important aspect as it enhances the property value. Plots which have a well-established social infrastructure with proper healthcare centers, schools, markets, and other necessities play a major role in the lifestyle of the consumers. A good inspection of the locality can fetch you a great deal. All you need to do is analyze, explore and then invest. 

Transportation facilities– 

The proximity to the mainline and availability of public transport facilities can easily give the idea of the land and its surroundings. TMR Group not only provides plot land for sale but presents a cherished way of living as the plots are located in the most fascinating areas nearby Regional Ring Road. The Bus and Railway stations are also easily accessible. Several plotting projects connect you effortlessly through the NH-7 Hyderabad – Bangalore Bypass Highway and the Outer Ring Road (ORR), with 290 km Peripheral Ring Road also under process. TMR offers exceptional plotting projects near the Airport of Hyderabad.

While investing in the real estate market, the consumers should be flexible yet clever enough to dig out the diamond from the coal. A plot doesn’t mean just a piece of land in any area. It should be well-equipped and connected, giving you the feel of a home-like experience. Reserve a plot by investing a minimum amount and get maximum returns in the bustling locations of Hyderabad with TMR!